The slew of new tariffs on European goods set to take effect later this month could mean your grocery or restaurant bill might see a sharp increase just as the holiday season approaches.
The slew of new tariffs on European goods set to take effect later this month could mean your grocery or restaurant bill might see a sharp increase just as the holiday season approaches.
What started as an international trade dispute over subsidies in the airline industry, resulted in the World Trade Organization "awarding" the U.S. the ability to slap tariffs on $7.5 billion worth of goods from the European Union.
While some of those tariffs are directed at aircrafts, a large amount of them fell on agricultural goods, mostly from France, Germany, Spain and the U.K., sending producers abroad and importers in the U.S. reeling.
A 25% tariff on German coffee, Scotch whiskey, British biscuits, Spanish olives, Italian cheeses, French wines and many more are among the myriad of tariffs on EU goods set to go into effect on Oct. 18.